Earnings

GM ekes out $125M first-quarter profit as recalls take toll

7:30 am U.S. ET | April 24, 2014
Surging transaction prices on trucks helped GM offset heavy costs from safety recalls and eke out a small profit in the first quarter. GM posted net income of $125 million in the first three months of the year, down 86 percent from a year earlier. The bottom line reflected $1.3 billion in recall-related expenses as well as about $200 million in restructuring costs in GM's European business.... Read More »

 

Penske posts record continuing-operations income in Q1

7:33 am U.S. ET | April 24, 2014
Penske Automotive Group reported the highest quarterly income from continuing operations in the company's history.... Read More »

 

REACTION: The 'right call' to go for price over pickup share

8:03 am U.S. ET | April 24, 2014
A roundup of what analysts and others are saying about General Motors' first-quarter financial results.... Read More »

 

Lithia reports record Q1 profit, 19% revenue increase

8:38 am U.S. ET | April 24, 2014
Lithia Motors reported record first-quarter income on increased customer-pay service work and an increase in vehicle sales.... Read More »

 

GM profit plunges on recall costs

April 24, 2014 06:01 CET
GM's first-quarter net income sank 86 percent from a year earlier to $125 million amid heavy costs related to the recall of 7 million vehicles. In Europe, GM lost $284 million, nearly double the $152 million it lost a year earlier.... Read More »

 

Group 1 Q1 profit rises 7%, revenue up 15%

10:21 am U.S. ET | April 24, 2014
Group 1 Automotive Inc. reported first-quarter net income of $31.3 million, a 7 percent improvement over the same quarter a year ago. The retailer's revenue rose 15 percent to $2.3 billion.... Read More »

 

Renault sales slip as strong Euro offsets delivery gains

April 24, 2014 18:12 CET
Renault reported a 0.1 percent decline in first-quarter revenue as the strong euro offset deliveries. Sales totaled 8.26 billion euros ($11.4 billion). Deliveries climbed 5 percent to 636,239 vehicles as demand rose for Dacia cars such as the Sandero hatchback.... Read More »

 

Delphi profits jump on higher N.A., Asia parts demand

9:21 am U.S. ET | April 24, 2014
Delphi Automotive reported a 16 percent rise in first-quarter profits, helped by strong parts demand in Asia and North America, and raised its 2014 earnings outlook.... Read More »

 

Valeo sales increase 6% as Europe rebounds

April 24, 2014 11:23 CET
Valeo reported a 6 percent increase in first-quarter sales on higher demand in China and North America and the end of a six-year contraction in Europe.... Read More »

 

Hyundai Q1 profit hit by slow U.S. sales

April 24, 2014 11:00 CET
Hyundai posted a first-quarter net profit that was almost identical to a year earlier, as increased sales in China and Korea helped offset weak U.S. demand.... Read More »

 

Mitsubishi posts record annual operating profit

7:17 am U.S. ET | April 24, 2014
Mitsubishi Motors nearly doubled its operating profit for the year ended March to an all-time high of 123.4 billion yen ($1.2 billion) as a drop in Thai sales was offset by growing sales in most other regions around the world.... Read More »

 

Sogefi posts loss on restructuring costs, currency woes

April 24, 2014 11:52 CET
Sogefi reported a net loss of 6.3 million euros for the first quarter after results were hit by restructuring charges and the negative effect of exchange rates.... Read More »

 

Johnson Controls profit rises 59% on increase in automotive business

April 24, 2014 06:01 CET
Johnson Controls, which counts on Europe for about half of its sales, reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.... Read More »

 

GM's 1st-quarter profit to take hit from recalls

1:15 pm U.S. ET | April 23, 2014
This was supposed to be the year when GM made a record $10 billion in profit. But the company, rocked by a recall crisis, will be hard pressed to avoid posting a loss when first-quarter earnings are released on Thursday. The cost of recalling millions of vehicles -- combined with continued losses in Europe and new challenges in Russia, Australia, Asia and South America -- have prompted analysts to downgrade their earnings estimates for the company.... Read More »

 

Asbury 1st-quarter sales, continuing-operations profit rise

3:00 pm U.S. ET | April 23, 2014
Asbury Automotive Group reported a 3 percent profit slide for the first quarter of 2014, but improvements in all parts of the business drove profits from continuing operations up sharply.... Read More »

 

Toyota's global sales top VW, GM for 3rd straight quarter

5:11 am U.S. ET | April 23, 2014
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

JCI Q1 profit rises 59% on increase in automotive business

7:57 am U.S. ET | April 23, 2014
Johnson Controls reported a 59 percent jump in quarterly profit, helped by higher sales in its automotive unit.... Read More »

 

Toyota outsells VW, GM for 3rd straight quarter

April 23, 2014 11:11 CET
Toyota outsold VW Group and GM for a third straight quarter. Toyota sold 2.58 million units in the January-to-March period, it said today. Second place is too close to call as GM and VW said they each sold about 2.4 million vehicles.... Read More »

 

Sonic Q1 profit falls 9% on weather, used-car start-up costs

11:30 am U.S. ET | April 22, 2014
Bad winter weather and costs associated with its standalone used-car store initiative contributed to a 9 percent drop in first-quarter profits for Sonic Automotive.... Read More »

 

AutoNation says Q1 net income rose 15% to $95.1 million

7:11 am U.S. ET | April 17, 2014
Despite 10 weeks of problematic winter weather to start the year, a late March rebound in dealership traffic helped drive AutoNation's net income 15 percent higher in the first quarter of 2014 from the year-earlier period, the company said today.... Read More »

 

Opel may break even before 2016, report says

April 14, 2014 15:34 CET
Opel may break even before its 2016 deadline, a report said, citing an interview with CEO Karl-Thomas Neumann.... Read More »

 

Chrysler to take $130 million charge in first quarter due to Venezuela

4:25 pm U.S. ET | April 11, 2014
A change in the way it measures currency in Venezuela will cause Fiat Chrysler Automobile's Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said today in a filing with federal regulators.... Read More »

 

Daimler to increase cost cuts to narrow profit gap with BMW, Audi

April 9, 2014 15:39 CET
Daimler will continue to cut costs at Mercedes-Benz to help its premium brand narrow the profitability gap with rivals BMW and Audi.... Read More »

 

Daimler predicts profit growth on expanded lineup

April 9, 2014 11:48 CET
Daimler CEO Dieter Zetsche said his expansion of Mercedes model offerings will enable the carmaker to beat competitors' sales growth and increase operating profit.... Read More »

 

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Renault aims to be Europe's 2nd-largest brand by 2017

April 9, 2014 06:15 CET
Renault aims to be Europe's No. 2 brand by unit sales after Volkswagen, the automaker's Europe boss, Stefan Mueller, told Automotive News Europe.... Read More »

 

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